1.59 billion went in, 450 million came out—this treasury strategy is playing a little fast and making hearts race. SOL holders who see it are all silent.

According to Lookonchain monitoring, Forward Industries deposited 455,784 SOL into Coinbase Prime after a month of silence, worth approximately $31.87 million. Since launching the Solana treasury strategy in September 2025, Forward Industries has spent about $1.59 billion to buy 6.83 million SOL at an average price of $232.08; currently, their SOL holdings are valued at about $458.6 million, with an unrealized loss of nearly $1.13 billion.